Gold might have a short term dead cat bounce, but be wary of what happens after that. If it forms a lower high ...
Tom Mclellan who has a super track record is prediciting a torrid 6 weeks to the end of June for gold. The smart money has already moved on ...
Check LSG, LHG, NCM and have a good look at the graphs.
What worries me is Rivkin and Fat Prophets just don't seem to understand the basic fact that when the US$ strengthens, gold gets slaughtered.
Which way is the US$ heading????????????
I have no exposure to gold plays.
Phil
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